Inflation Still Threatens Japan; Time-Out for Northrop and Boeing; Citi Takes a Hit on Fannie and Freddie; Chinese Inflation Subsides; ImClone’s Secret Admirer; Bank of America Settles; Management Shake-Up at Sanofi-Aventis; Shell Evacuates in Face of Hurricane Ike

Stephanie Grimmett says Boeing (NYSE:BA) could be at risk in the short term. Its machinist union has gone on strike because of a dispute over pay. The last time machinist contracts were up for negotiation a month-long strike cost the company a ton of cash.

General Electric (NYSE:

Red Hat’s Purchase; Toll Bros. NYC Worries; Dollar Rally; Unilever’s New CEO; Fed President Sees Room for Cut; Boeing’s Labor Woes

Energy and oil expert Byron King recently spent three weeks crossing North America as part of his “2008 Energy and Geology Tour.” The purpose of the journey was to search for new ideas and resource opportunities that can benefit investors. In the following extract from The Daily Reckoning, Byron tells readers what he learned first hand about the Bakken Formation and the Marcellus Shale…

U.S. Bankruptcy Filings Soar; Japan’s Bankruptcy Jitters; Boeing Backs Down in Face of Strike; Quicksilver’s Ski Sale; Gustav Pushes Crude Higher; TiVo Swings to Profit; PetroChina Hurt by Subsidies; BP Ending Russian Venture

The Boeing Co. (BA) doesn’t believe it can win the controversial competition for a $35 billion U.S Air Force tanker contract without a six-month extension, and now has threatened to pull out of the competition altogether.

The Chicago-based Boeing said it wants the extension to incorporate what the aerospace giant contends are essentially new requirements calling for a bigger tanker with a larger fuel-carrying capacity. The Pentagon has told the bidders it will grant two months for the bidders to assemble and submit their new proposals, a Boeing official told the Atlanta Business Chronicle.

Investors who abandon China now will live to regret their decision, says William Patalon III in Money Morning.

William says every successful investor needs a China investing strategy, despite the fact that China’s benchmark index, the Shanghai stock index, is down 56% so far this year.

Following Jim Rogers’ bullish comments on China in a recent exclusive interview with Money Morning, Bill gives six reasons to invest in China and five solid China profit plays.

Technical and quant analyst Jim Stanton says he has developed a trading system – the 1-2-3 Trader – that has so far brought in cumulative profits of 591%. Here he explains how he applies this system to the energy sector…

Volkswagen AG (PINK: VLKAF), PSA Peugeot Citroen SA (OTC ADR: PEUGY), and Fiat SPA (OTC ADR: FIATY) beat earnings estimates in the last week. At the same time, however, Ford Motor Co. (F), one of the largest industrial companies in America, missed earnings estimates. By a lot.